ENA EXPLODES 12%! $530M Crypto PUMP! 🚀
Could a $530 million capital raise send a cryptocurrency soaring? Ethena’s ENA token just skyrocketed over 12% after StablecoinX Inc. secured this massive funding round, adding to their previous $365 million raise, bringing their total to a staggering $895 million. This aggressive move is part of StablecoinX’s strategy to accumulate ENA, potentially giving them control of over 3 billion tokens. Furthermore, a $310 million buyback program is set to launch, absorbing a significant chunk of ENA's circulating supply. This strategic maneuver aims to boost ENA's price and instill investor confidence. Experts are already hailing this as one of the most "token holder-aligned" financing structures in the crypto space. This news comes as Ethena continues its impressive growth in the DeFi sector, with its stablecoin, USDe, becoming the third largest on the market. With partnerships like Aave and Pendle and a whopping $500 million in cumulative protocol revenue, Ethena’s future looks bright. Could this be the start of a new crypto dynasty? Subscribe to our channel to stay ahead of the curve. Your wallet might thank you.
Tags/Hashtags: #ethena #ena #stablecoinx #cryptocurrency #defi #buyback #usde #yield #ethena #ena #usde #usdtb #aave #pendle
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